Altor Fund III has acquired Oslo, Norway-based ELIXIA Holding II AS, a health & fitness chain operating across the Nordic region, from Norvestor and its other owners.
The transaction, whose amount remained undisclosed is expected to close in June subject to customary closing conditions.
Acquisition financing will be provided by DnB NOR.
The company plans to leverage the presence of Altor in the region to continue to expand in various Nordic cities.
Led by CEO Ståle Angel, ELIXIA Holding II AS is a commercial health & fitness chain in Norway and Finland,
with a recently established presence in Sweden. The company currently operates 34 centres in Norway, 11 in Finland and 2 in Sweden. According to a written statement, ELIXIA has revenues of some NOK900m and employs approximately 3,700 people.
FinSMEs
16/05/2011